Schwab Long-Term U.S. Treasury ETF (NYSEARCA:SCHQ – Get Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 155,703 shares, a drop of 45.2% from the July 30th total of 284,270 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 452,639 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Downshift Financial LLC raised its holdings in shares of Schwab Long-Term U.S. Treasury ETF by 2.1% in the first quarter. Downshift Financial LLC now owns 21,048 shares of the company’s stock valued at $658,000 after purchasing an additional 434 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 229.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 797 shares of the company’s stock worth $25,000 after purchasing an additional 555 shares during the last quarter. Mariner LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 9.0% during the third quarter. Mariner LLC now owns 8,535 shares of the company’s stock worth $276,000 after purchasing an additional 707 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Schwab Long-Term U.S. Treasury ETF by 4.5% during the third quarter. Integrated Wealth Concepts LLC now owns 18,070 shares of the company’s stock worth $584,000 after purchasing an additional 771 shares during the last quarter. Finally, Windsor Advisory Group LLC bought a new position in Schwab Long-Term U.S. Treasury ETF in the first quarter valued at $28,000.
Schwab Long-Term U.S. Treasury ETF Price Performance
Shares of SCHQ traded down $0.12 on Monday, hitting $30.05. The company’s stock had a trading volume of 3,011,378 shares, compared to its average volume of 764,246. The firm’s fifty day moving average price is $30.46 and its 200-day moving average price is $31.09. Schwab Long-Term U.S. Treasury ETF has a fifty-two week low of $29.64 and a fifty-two week high of $33.19.
About Schwab Long-Term U.S. Treasury ETF
The Schwab Long-Term U.S. Treasury ETF (SCHQ) is an exchange-traded fund that is based on the Bloomberg US Long Treasury index. The fund tracks a market-value weighted Index of U.S. Investment-grade Treasury bonds with remaining maturities of 10 years or more. SCHQ was launched on Oct 10, 2019 and is managed by Charles Schwab.
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